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Import licensing on almost all intermediate inputs and capital goods was done away with, and the entry restrictions for firms were simplified. The new policy encouraged the entry of private sector firms by ending the public sector monopoly in many sectors and initiating the automatic approval policy for FDI up to 51 per cent. The exchange rate was made flexible and allowed to depreciate as necessary to maintain competitiveness. The rupee was made fully convertible on the current account and partially on the capital account. These reforms had a positive effect on the economy.
The cost price of 20 mangoes is Rs.120. Because of bad quality of mangoes, the shopkeeper has to sell mangoes at a loss that is equal to selling price o...
A shopkeeper bought two articles for Rs. 150 each. If he sold one of them at 40% profit and the other at 30% loss, then find the difference between the ...
A digital wall clock is labeled with a price that is 75% higher than its cost price, resulting in the marked price being Rs. 1,800 more than the cost pr...
An article is marked up by P% above the cost price. If shopkeeper offers discount of 25% and still earns a profit of 35%. For earning a profit of 71%, h...
Mohan bought a new car from the showroom and after one year he sold it to Shyam at a profit of 20 percent. Shyam sold the same car to Sumit at the loss...
A shopkeeper bought 60 kg of apples at ₹80 per kg and 40 kg of oranges at ₹60 per kg. If he wants to make a profit of 20% on the total cost, at what...
The cost price of six dozen cupcakes is Rs. 360. After selling 48 cupcakes at the rate of Rs. 108 per dozen, the shopkeeper reduced the rate and sold th...
A Shopkeeper marks his goods 50% above a CP and gives 30% discount to customer. At the time of selling the goods he uses 800 gm weight instead of 1 kg. ...
A seller marked the price of an item at Rs. 6,000. The seller gave successive discounts of (c + 6)% and (c - 6)% to a customer. If the customer paid Rs....
A book was sold for Rs. 250.90, earning a profit of 18%. If the selling price had been Rs. 230.40 instead, what would have been the profit or loss perce...
